It'll be a one hour word salad. Drink plenty of water to avoid a headache.
The Deerfield office parking is full
I don’t know how they can accommodate OPO people.
Walgreens to exit Chicago’s Old Post Office building...ADIOS
Walgreens plans to exit its space at Chicago’s Old Post Office, though its headquarters remains in Deerfield, the company confirmed Monday — news that comes shortly after the sale of Walgreens to a private equity firm. Walgreens will leave the... — read more
Is it time to unionize?
Who is interested?
I sure hope we find out more at the Town Hall
Especially about the remotes. Who in their right mind would relocate for a job, only to risk losing it a few months later anyway?
OPO closing lol
We can't fit everyone at the Deerfield office but that's the point: Layoffs are inevitable and they want people to quit. Stick it out for your severance and WARN act pay.
Sometimes, I daydream that all Walgreens Corporate Employees ALL Quit
They don’t care about us at the Support Office. Everything is so Field-focused now and if they want that, then they can run the show at Corporate themselves. I’d love to see what happens if everyone just mass quits, ha!
First Walgreens, now Target is also being looked at for purchase by Private Equity Firms!!!
Walgreens was just purchased by Sycamore. I just read a news article that says Target is also being looked at by private equity firms as well! Are all retail stores pretty much doomed at this point. Wow. Factors influencing the buyout... — read more
Anyone else struggling to find a job?
Even jobs with significantly lower pay seem out of reach. WTF is going on?
Sycamore Rumors and Changes
Things I’ve heard and seen posted on their sites. I’ve definitely heard about the remote workers being laid off if they don’t relocate, and the multiple support center layoffs. I’ve also heard about 2-3 days back to the office, not 5, but I guess... — read more
Whatever happened to Walgreens PLUS.
Walgreens did a pilot store in which there were not ad tags. Instead, you received 20% off everything in the store if you paid like $5 a month for "Walgreens Plus." It was basically the in-store version of a subscription. It was never rolled out... — read more
Who knows any real info about October layoffs?
Anyone have any reliable info about layoffs next week? Lots of rumors but no facts. Departments? Any truth to it?
Townhall for remote employees on 10/20
Heard that there will be a townhall for remote employees... Dropping the hammer to relocate!
Can Walgreens overcome its leveraged debt? not likely,
More than 70% of the Sycamore deal is financed through debt, meaning that the private equity firm doesn’t have “much skin in the game,” according to Parr. The risks of bankruptcy are especially troubling, according to the Private Equity Stakeholder... — read more
This job is crushing me
I can’t handle this place anymore. Being so anxious I need meds just to make it through a shift shouldn’t be normal, but somehow it is here.
REAL leaders see OPPORTUNITIES while others only see challenges.......
That is why Walgreen's has failed the past few years bigtime. The never hired any true leaders.
JUST a matter of time.............
Sycamore Partners has replaced Walgreens CEO Tim Wentworth with Mike Motz, who was previously the CEO of office retail store Staples, another Sycamore company. “Under that CEO’s watch, Staples shuttered a third of its stores,” he said. “It cut tens... — read more
Party City actually filed Chapter 11 bankruptcy twice.......
“While Party City previously pulled itself out of bankruptcy the first time around, its continued failure was likely inevitable. A downswing in demand for party products has continued to put pressure on the business. \ SO WHAT does the new private... — read more
Lull before the storm
It's been two weeks since the acquisition, and while things have been running smoothly, no major announcements have been made to employees. I sense a calm before the storm and am preparing for what's to come.
Hiring freeze
Welp seems like we're in for a reorg soon. Heard from multiple people the roles they were hiring for got frozen.
New Leadership but same BS
For anyone thinking the change to Sycamore is going to lead us to better things anytime you need to be ready. They’re preparing to walk the new CEO through the budget for this year but aren’t letting anyone with actual insights into the room. He’s... — read more
I trust the lot that’s coming in even less than the previous leadership
I’ve been with Walgreens for a long time and through the worst times. I somehow survived all the cuts, reorganizations, and upheavals. But right now, I’m on higher alert than ever and have started preparing for a possible exit. I’m not in the most... — read more
Better opportunities
Hi All- I’m sorry you are going through this. I worked for Walgreens for a long time and then was laid off when my family was going through unimaginable loss and grief. I promise you there are better opportunities and companies out there. Please... — read more
This deal is making me even more worried
I’ve been anxious about the future of this company ever since it clearly started its downward spiral. On the surface, this deal may look like a resolution, but to me it feels more like a continuation of the agony. More uncertainty, more stress, more... — read more
Lots of rumors about a new CIO
Can anyone confirm who it might be?
Please Tell Me Tracey is Gone
Can someone PLEASE confirm if Tracey was let go? I'm trying to find just one piece of good news related to Walgreens these days.
Why is everybody so worried?
Let’s be honest, how much worse can it get than it already is? I don’t know about you, but for me, it can’t. Things can only improve from here. I’m willing to give this a chance before deciding the world is ending or whatever else.
Be prepared......
Not everyone is excited about the deal. The Private Equity Stakeholder Project, which bills itself as a watchdog organization rooting out the impacts of private investment, said in March it was “very wary” of the deal, noting several of Sycamore’s... — read more
Sycamore Partners closes Walgreens acquisition, splits retailer into 5 companies
What a sellout, how sad.
Nice job in ruining what was once a well respected company and selling out to VULTURES..
The recent CEO and Board are a bunch of cowards plain and simple. Total lip service and many even bought that lip service. Look what has happened. Beyond a sad day for many people. They say the only constant things in life is change and paying... — read more
You have no idea how bad things are about to get
You think you’re working with a skeleton crew right now? Think again. They will cut everything beyond the bare bones and still try to cut more. There will be closures, position eliminations, layoffs, and everything you can imagine to minimize... — read more
Today’s Townhall - A Dank Review In Full
Low Point: Being told to stress how amazing Walgreens Cash is and to turn ourselves into a marketing mouthpiece if/when asked by family&friends how the latest shift in Walgreens is panning out for us all. Ew. Concept of an executive chairman also... — read more
Interesting little tidbit getting lost in the news
Not just a new CEO, but Sycamore also named a new EXECUTIVE chairman John L. For those unaware an executive chairman has more power and authority than a regular chairman of the board. Executive chairman has a lot more say over day to day operations... — read more
Good riddance. Now what?
Can’t say I’m sad to see some of the leadership finally gone. They steered Walgreens into the ground. But with the shift to private ownership, I’m more worried than relieved. Private equity doesn’t usually mean stability, and I can’t shake the... — read more
The Bloodbath Begins
All these executives are getting golden parachutes but they gone
Sycamore Will Want You To Quit
DONT DO IT. They dont want to pay out severance and are going to do things to break morale to get "voluntary attrition". Dont give them the satisfaction. Start building your network now to prepare for when the inevitable comes, and have a game plan... — read more
TB Gone
Tracey Brown has been let go. The Sycamore chainsaw begins.
Many puppets or what Walgreens calls them DM's are about to be let go......
GOOD...you made a ton of money for what you did being a puppet, and some for a lot of years. What value at all do you or did you bring. Just helped a pretty darn good company at one time go to vultures that in no time will totally destroy it. ... — read more
Sycamore deal closing Thursday
Good luck boys, TW
Has the flywheel been turning?
Tracey what happened to the flywheel?